DappRadar DAO Revenue Drives RADAR Buyback
2024年7月26日 - 9:45PM
DappRadar DAO - the community governance arm of DappRadar, the
world’s leading Web3 analytics platform - has completed the first
buyback of its native $RADAR token. Recent revenue generation from
token swaps, referrals, and quests has allowed DappRadar’s
decentralized autonomous organization to accumulate $38,000 to
complete the buyback.
Token buybacks reduce circulating supply, and DappRadar DAO will
lock the purchased tokens for 6 months. After the 6-month lockup
period, RADAR tokens will be reintegrated into the DappRadar
community through quest rewards, contribute-to-earn distributions,
an ambassador program, and other community-oriented initiatives.
This strengthens the token economy and benefits the entire
DappRadar community.
The DappRadar DAO comprises enthusiastic DappRadar users, PRO
members, and industry leading organizations, all having a say in
the way the World’s Dapp Store gets shaped. Through the DAO, the
community regularly proposes and votes on changes to the platform’s
features and developments. The DAO’s core team managed this first
buyback, but in the future, the buyback process will become
entirely DAO-governed for further decentralization. Future buybacks
will also take place without prior announcement, to avoid market
speculation.
Those who hold RADAR tokens can influence the development of
DappRadar, while contributors, curators, and creators can earn
through their contributions. In addition, every RADAR token holder
benefits from the success of the DappRadar platform, as revenue now
flows back into buybacks. The DAO, the community, and the company
are all aligned and incentivized, encouraging sustainable growth
and success, while understanding that using DappRadar’s tools and
services benefits the entire community.
About DappRadarDappRadar is the biggest Web3 dapp
distribution platform - “The World’s Dapp Store”. One million users
per month use DappRadar to discover new dapps, gain insights into
DeFi and NFT collections, or to learn more about GameFi and
play-to-earn gaming. Established in 2018, DappRadar has now become
a prominent discovery platform in the Web3 industry, providing
insights to investors, journalists, researchers, media and, of
course, consumers.
About DappRadar DAODappRadar DAO is a Decentralized
Autonomous Organization (DAO) built around the DappRadar platform.
It aims to decentralize governance and decision-making power
related to the platform. DAO members, who hold the RADAR token, can
propose and vote on changes to the platform's features and
development roadmap, manage the DAO's treasury and allocate funds
for various initiatives, and shape the future direction of
DappRadar in a community-driven way. The DAO operates on blockchain
technology, ensuring transparency and immutability of
decisions.
Vineet Nair
PR Manager
Lunar Strategy
vineet(at)lunarstrategy.com